Charlotte, NC, February 04, 2015 --(PR.com
)-- Nearly three-fourths (72%) of Charlotteans indicate they are in “complete agreement” with their spouse/partner on the lifestyle they want to have in retirement, according to a recent survey commissioned by Hobart Financial Group of adults in Mecklenburg and surrounding counties. However, one out of six (16%) have not even discussed it. While the majority of married couples seem to be in agreement about their retirement lifestyle, some statistics indicate that discussions revolving around money can be problematic to marriages. According to a survey of Certified Divorce Financial Analysts®, one of the three leading causes of divorce is “money issues.”[i]
Chris Hobart, CEO of Hobart Financial Group, a leading Charlotte retirement planning firm says that cooperation is key when planning for retirement with one’s spouse. “Though planning for retirement seems difficult, retirement years are arguably the best years of your life if planned correctly,” states Chris. “Couples that do not work together to make retirement an easy transition could suffer major financial setbacks.”
Hobart notes the following tips for making retirement planning easy and stress-free.
· Make a list – Create a dream list with your spouse of what retirement will look like for the two of you. Be bold, be exciting, be a dreamer! Then, create a list of your assets, liabilities, expenses and income. Now you have a starting point and ending point for your financial plan because it’s much easier to reach your destination when you have all the of the needed information.
· Open communication – Too often financial decisions and insight rest in the hands of one spouse. While both spouses don’t have to know every detail of their financial strategy, open communication with each other and your planner helps ensure a consistent knowledge and path for your financial future.
· Plan big purchases – Whether it’s a new car, a bigger house, college or any other big plans for the future, be sure to set structured goals to build toward having enough money to make the purchase. Slow down and don’t rush into a mistake or bad debt situation. Rather, catch your breath, do some research and save towards your goal.
· Seek guidance - By working with a financial advisor, who is a licensed fiduciary, you can plan more effectively and have more time to enjoy the most relaxing years of your life.
“By planning early, you can assure a healthy and happy retirement for you and your spouse,” says Chris.
For more information on planning for your retirement, visit www.hobartfinancialgroup.com, or schedule a time to discuss your financial future by calling 704.553.0123.
About Hobart Financial Group
Hobart Financial Group is an independent financial advisory firm dedicated to personalizing service with uncompromising integrity. Its focus on comprehensive, tax-advantaged plans help to provide sound preservation of capital, growing income and increased returns with reduced risk. Chris Hobart, founder of Hobart Financial Group, understands that true wealth means being able to share your life with the people you love, free from financial anxiety. Hobart Financial helps Carolinas’ retirees preserve and protect their wealth with comprehensive financial retirement planning and wealth management.